Grand Itasca Clinic and Hospital
1601 Golf Course Rd, Grand Rapids, MN · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $140,219,254 | $132,878,872 | $79,400,800 |
| FY2023 | $122,233,895 | $117,575,949 | $70,967,213 |
| FY2022 | $116,492,227 | $108,085,446 | $74,256,841 |
| FY2021 | $122,916,480 | $107,740,453 | $57,300,074 |
| FY2020 | $103,118,780 | $96,805,702 | $42,427,494 |
| FY2019 | $97,048,489 | $94,210,341 | $35,969,628 |
| FY2018 | $90,909,519 | $88,749,470 | $31,754,687 |
| FY2017 | $221,229,878 | $83,066,799 | $26,052,625 |
| FY2016 | $85,769,887 | $87,137,382 | $28,802,139 |
| FY2015 | $76,043,471 | $84,665,206 | $29,436,673 |
| FY2014 | $74,959,956 | $79,784,795 | $32,818,844 |
| FY2013 | $78,719,343 | $78,599,129 | $39,028,135 |
| FY2012 | $72,063,529 | $74,485,176 | $36,693,332 |
| FY2011 | $76,061,205 | $74,482,136 | $38,890,569 |
Form 990 filings
The returns filed by Grand Itasca Clinic and Hospital (EIN 41-1865874), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $1,959,177 | 1% |
| Program service revenue | $136,016,325 | 97% |
| Other revenue | $2,243,752 | 2% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $118,764,124 | 89% |
| Management & general | $14,114,748 | 11% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 97% of total revenue in FY2024.
- Program services accounted for 89% of functional expenses, management & general 11%, and fundraising 0%.
- 89% of functional expenses went to program services in FY2024. That is higher than 76.3% of 135 Health Care organizations in MN.
- Net assets covered about 7.2 months of expenses at the end of the reporting year. That puts it in the 39th percentile among 465 Health Care organizations in MN.
- Total revenue was higher than 92.3% of 467 Health Care organizations in MN.
- Total revenue rose from $76,061,205 in FY2011 to $140,219,254 in FY2024. Revenue increased in 9 and decreased in 4 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 4 of 14 reported years (FY2012, FY2014, FY2015, FY2016).
- The highest revenue on record here is $221,229,878 in FY2017.
- Net assets grew from $38,890,569 to $79,400,800 between FY2011 and FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
Provide quality, accessible, and valuable health care services via a hospital, home health agency, and clinic to the surrounding rural community.
IRS status
| Ruling year | 1997 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E20Z — Health Care (in MN) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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